Unsecured Loan: What it is and How it Works

It is possible to offer a bank or financial institution the only guarantee for its own signature to obtain extra liquidity thanks to the unsecured loan. What are unsecured loans?

In fact, this is a particular non-finalized loan solution, which does not require real guarantees, developed for all those who do not own real estate and do not wish to present a third person as guarantor. This special form of personal loan differs from the more traditional ones precisely because the repayment of the installments is guaranteed individually by the applicant himself through, in fact, the signature.

This process, among other things, makes it possible to considerably shorten the time required to pay the sums. On this front, in principle, by its very nature, the unsecured loan does not provide for the disbursement of large amounts; it is in fact rare that the granted figures exceed 30,000 euros. Both private and self-employed workers, as well as companies, can apply for these loans. The basic requirement to see one’s request accepted is to have a certain degree of reliability, proving to have a stable balance sheet without major problems.

 

Loan estimate of 10000 euros

Loan estimate of 10000 euros

Financial: Simple Loan
Product: Personal Loan
TAN Fixed: 4.25%
APR: 4.44%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.117

Monthly installment € 185 , 28 Feasibility check 

Financial: Loanice
Product: Personal Loan
TAN Fixed: 5.16%
APR: 6.70%
Loan duration: 60 months
Amount Financed: € 10.146
Total due: € 11.735

Monthly installment € 193 , 19 Feasibility check 

Financial: Findoloan
Product: “Your Projects” Credit
TAN Fixed: 6.01%
APR: 6.18%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.602

Monthly installment € 193 , 37 Feasibility check * The tables give an example of the structure of the site. For all the comparative offers click on the go button and get all the information you need to evaluate the proposal that suits your needs.

Personal loans: get up to € 75,000 Loans comparison :  Unsecured loan: what it is and how it works

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